📰 Latest Economy & Stock Market News
5 midcap stocks see MF buying for 4 straight quarters; shares rally up to 98%
Updated at : 2026-09-29 14:25:02

Mutual funds raised holdings in 23 BSE Midcap stocks for four straight quarters through June 2026. Five stocks gained up to 98%, while five declined over 25%.

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Bitcoin skyrocketed 750% since Warren Buffett called it 'rat poison' in 2018. Why was he cautious?
Updated at : 2026-09-29 14:20:02

Bitcoin has surged around 750% since Warren Buffett called it “rat poison squared” in 2018, despite his longstanding concerns about cryptocurrencies. The digital asset has since hit record highs above $126,000, driven by growing institutional and investor interest, before correcting sharply. Here’s why Buffett remained cautious about Bitcoin.

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Global Market: Japanese bond yields hover near multi-decade highs as inflation concerns persist
Updated at : 2026-09-29 13:30:03

Japanese government bond yields remained near multi-decade highs as persistent inflation, elevated oil prices and expectations of further Bank of Japan rate hikes weighed on sentiment. A strong 40-year bond auction offered some relief, with demand improving, but investors remain focused on inflation, fiscal expansion and the outlook for interest rates.

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BSE shares rise 2% ahead of Nifty 50 entry tomorrow. Top brokerages share mixed outlook
Updated at : 2026-09-29 13:25:02

BSE shares rose ahead of their Nifty 50 inclusion, with the move expected to trigger significant passive fund inflows. While Macquarie remains bullish on BSE’s growth prospects, Jefferies and Nuvama flag regulatory changes, CAS and trading-related headwinds.

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Anthropic’s Road to IPO: Funding, valuation, Claude growth and legal battles
Updated at : 2026-09-29 13:20:02

Anthropic is preparing for a closely watched U.S. IPO after rapid growth in funding, valuation and revenue. The Claude maker faces legal and regulatory challenges while expanding AI capabilities, cloud partnerships and commercial operations. Its potential listing could offer investors insight into frontier AI economics, governance, capital requirements and growth expectations.

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Why are investors turning cautious on Tesla stock?
Updated at : 2026-09-29 12:45:03

Tesla shares fell amid market weakness and regulatory scrutiny of its driverless Cybercab. US safety regulators are seeking details on its certification, with Tesla’s response due September 30. Investors are also watching third-quarter deliveries, robotaxi progress and the delayed Roadster unveiling as key near-term developments.

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Nomura initiates coverage on Allied Blenders with Buy rating, sees up to 20% upside
Updated at : 2026-09-29 12:40:02

Nomura has initiated coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850, implying nearly 20% upside. The brokerage sees premiumisation, backward integration and margin expansion as key growth drivers, with EPS expected to grow at a 26% CAGR over FY26–FY29. Execution delays and slower premiumisation remain key risks.

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Nifty indices rejig: Which stocks will see the biggest inflows and outflows?
Updated at : 2026-09-29 12:35:03

Nifty’s September 30 rejig will trigger major passive flows, with BSE, Vedanta Aluminium and other stocks set for inflows, while Wipro, IHCL and others face outflows.

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Summit stock surges on $2 billion AstraZeneca investment
Updated at : 2026-09-29 12:30:03

AstraZeneca is investing $2 billion in Summit Therapeutics, taking a potential 12% stake and partnering on cancer-drug development, including ivonescimab, while investors await upcoming FDA regulatory decisions.

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Power Mech Projects shares gain 3% after securing Rs 279 crore order from Telangana Power Generation Corporation
Updated at : 2026-09-29 12:25:03

Power Mech Projects secured a Rs 279.20 crore, three-year O&M contract from Telangana Power Generation Corporation for YTPS. The order covers ash and coal handling plants across five 800 MW units. The company reported Rs 3,113 crore FY27 YTD inflows and a Rs 17,317 crore order book, supporting sustained revenue visibility and growth.

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